Here is why Lyft (LYFT) is One of the Best Low Priced Tech Stocks to Buy According to Hedge Funds

2 days ago 4

Maham Fatima

Sun, May 17, 2026 astatine 11:33 PM CDT 2 min read

Lyft Inc. (NASDAQ:LYFT) is 1 of the best debased priced exertion stocks to bargain according to hedge funds. On May 7, Lyft reported fiscal results for Q1 2026. Gross Bookings reached $4.9 billion, a 19% summation year-over-year, portion gross grew 14% to $1.7 billion. Net income climbed to $14.2 million, up from $2.6 cardinal successful Q1 2025, and Adjusted EBITDA accrued 25% to $132.8 million. Free currency travel for the 4th was $287.3 million, bringing the trailing twelve-month full to an all-time precocious of $1.1 billion.

Operational maturation was driven by a 17% year-over-year emergence successful Active Riders to 28.3 million. Lyft besides closed its acquisition of Gett’s UK business, secured its archetypal Baidu vehicles successful the UK, and announced that its Nashville Flexdrive autonomous conveyance operations volition motorboat this fall. Additionally, firm partnerships with brands similar Chase, DoorDash, and United Airlines accounted for an all-time precocious of astir 27% of rides successful North America.

Here is wherefore Lyft (LYFT) is One of the Best Low Priced Tech Stocks to Buy According to Hedge Funds

For Q2 2026, Lyft Inc. (NASDAQ:LYFT) expects Gross Bookings to scope betwixt $5.30 cardinal and $5.43 billion, reflecting year-over-year maturation of 18% to 21%. The institution projects Adjusted EBITDA to beryllium betwixt $160 cardinal and $180 million. This corresponds to an estimated Adjusted EBITDA borderline of astir 3.0% to 3.3% arsenic a percent of Gross Bookings.

Lyft Inc. (NASDAQ:LYFT) operates a peer-to-peer ridesharing marketplace successful the US and Canada. Its level provides a ridesharing marketplace that connects drivers with riders, a car rental programme for drivers, and a web of shared bikes and scooters successful assorted cities to conscionable riders’ needs for abbreviated trips.

While we admit the imaginable of LYFT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey connected Google News.

Read Entire Article